Billabong has reported a $233.7 million loss after anotherĀ $146 million in impairment charges, restructuring costs and financing costs combined with …
Billabong Presents Turn Around Strategy – Brands To Go
New Billabong CEO Neil Fiske presented his vision to shareholders yesterday for the future of the business. There’s going to …
Billabong’s Cash Is In And West 49 Is Sold
Is it time to start looking at buying Billabong shares again? The initial cash injection is in – $300 million …
Quiksilver’s Lessons From Billabong
“Yay for shares!” There’s a poorly written article that consistently gets names wrong (excuse me Mr. Pot, what did you …
Coastal Capital Looking To Sack Billabong Board
If you thought things were going to settle now that there looked like there was (another) approved deal for Billabong, …
Billabong Sold Nixon And Told No One
This image has no relevance to the article but it’s McCrank’s profile image in Nixon’s team section and is awesome. …
O’Neill And Naude To Create New Brand
Former Billabong CEO Derek O’Neill is teaming up with Paul Naude to create a new, rival brand to Billabong. O’Neill …
Billabong Womens Team Hits Whistler
It’s not all bad news from Billabong. They sent their womens team up to Whistler for a ride in some …
Coastal Capital Wants A Piece Of That Billabong Action
Because things weren’t quite screwed up enough, a new player has emerged in the battle for Billabong. Coastal Capital which …
Is Billabong’s Brand Value Really Zero?
You might have caught the news recently that after some pretty significant write downs, Billabong and it’s brands are being …
Billabong’s Rival Bidders Just Wont Go Away
Billabong’s late-to-the-party second suiters seem desperate to recreate Days Of Our Lives in the business pages. Unable to let go, …
Altamont Takes Control And Installs Scott Olivet At Billabong
Photo: Scott Olivet, former CEO at Oakley. Billabong has a future! Although it will be one that’s a little different …
Element Founder Johnny Schillereff, “It’s not all bad”
The founder of Element, Johnny Schillereff, has come out to publicly support Laura Inman and the management at Billabong against the tsunami of negative press they have been …
Billabong Needs A Loan – BRW Knows Someone
BRW have released their annual Rich 200 list and if you flick over to page 110, Billabong founder Gordan Merchant is there at a sizeable $325 million. He made that from selling some …
Billabong Buyers Walk Away
Shares in Billabong plummeted 58% after the announcement that no buyout would be proceeding. The two suitors have walked away although there is still talk of some asset …
Billabong Starts Selling Retail
In another sign that the negotiations with Paul Naude and other suitors may not be progressing well, Billabong has started to push forward with the sale of some of its retail …
No News But Things Get Worse For Billabong
There’s still no news on progression of the talks between Billabong and it’s potential buyers. But the news around the brand isn’t improving. Three news items in the last week …
Paul Naude And Billabong Continue Negosh
We were due an update yesterday on the situation at Billabong after the 10 day exclusive negotiation period ended. This morning we have word that talks between Paul Naude and Billabong …
Paul Naude Frontrunner In Billabong Talks
The Financial Review is reporting that Paul Naude backed by Sycamore Partners is the frontrunner in the bid to buy Billabong. They are reported to be looking at 73c a share, over …
Billabong Receives Low Bids, Close To Deal
Billabong shares are back in a trading halt pending an announcement from the company about the two offers it has received. One from former Billabong US boss Paul Naude and backed by Sycamore …
Billabong Shares In Trading Halt After Steep Decline
Billabong put a trading halt on its shares yesterday after the company saw 20% of it’s price disappear in the morning. Starting at 81c, it got down to 63c before rebounding to 69.5c just …
Vans Owner VF Corp Makes Billabong Offer
UPDATE: A few more details about the bid have come out. It is actually an offer from Altamont Capital Partners who has signed on former Oakley and Nike executive D. Scott Olivet to lead the bid. VF Corp …
Paul Naude’s Billabong Bid Is On
Former Billabong director and head of US operations Paul Naude has put in a $1.10 per share bid for his former company. The offer is reliant on a lot of things going right and effectively values the company at …
TPG Pulls Billabong Bid
A few days ago TPG, the private equity firm which has been sniffing around Billabong for a year or so, decided that even at $1.45 a share, it wasn’t worth it. This is despite making a $3.30 bid earlier in the year which was rejected because …
Billabong Loses Bain – And Fast
Bain has lost interest in Billabong… This article opens with “It took Bain Capital an almost embarrassingly quick time to kick the tyres on troubled surf wear group Billabong and walk away.” Eeeeep. Not the kind of write up you’re looking for when you want to …
Bain Capital Makes Bid For Billabong
Bain Capital, the company founded by 2012 Republican Presidential candidate Mitt Romney, is apparently making a bid for Billabong. Bain has been allowed to take a look at the books with Billabong hoping it can extract a …
How To Turn Billabong Around
It has not been a good day for the Billabong guys. The share price has hit .90c – below the level most analysts expected. If you believe the Sydney Morning Herald, Gordon Merchant is in hiding over at Jeffries Bay, Chairman Ted Kunkel is on the way out and Laura Inman may end up being one of the shortest serving CEO’s of …
Billabong Gives The Trump Treatment To CEO Derek O’Neill
Billabong have replaced long time employee Derek O’Neill with former Target boss Launa Inman as CEO. Inman’s skills seem to revolve around retail which suggests Billabong may be doubling down on their (so far) failed retail strategy rather than taking a different path. Got to admire the balls it takes to do that…
Billabong’s Summer Swim 2012 Video
Billabong have released their summer 2012 swim clip this morning which is looking great because… well… bikinis. Need I say more?
Billabong City Squared Melbourne Results
Last weekend was the Billabong City Squared comp in Melbourne. The rider list was awesome and it was always going to be a great contest. First place was taken out by Blake Harris followed by Tommy Fynn and Reece Warren. Check the full rankings below and click through a few shots above.
Billabong City Squared Melbourne Course
Billabong have released the course designs for this years City Squared comp in Melbourne. The event is happening this Saturday (April 14th) and has confirmed the likes of Tommy Fynn, Sam Giles, Jake Duncombe, Bjorn Johnston, Dane Burman, Blake Harris, Lewis Marnell, Sammy Winter, Nick Boserio and many, many more to be attending. According to the release, the course features a gap-to-ledge feature …
Billabong City Squared 2012
Billabong have shot out some details on the 2012 City Squared comp in Melbourne. The $10,000 invitational has been running a few years now and is always an awesome day. It’s happening on Saturday April 14th at Queensbridge Square in Melbourne. There’s a promo clip below and the full flyer beneath that – hope to see you there!
Billabong Rejects Take Over Bid
Billabong has rejected an increased take over offer from private equity firm, TPG. The company increased the offer to $3.30 a share despite a partial sale of Nixon but key shareholders said that they weren’t interested for anything under $4 a share. The new offer valued Billabong at $841.8 million which is a long way from highs of 2007 when it was worth more like $3.84 billion. We’ve covered …
Billabong Makes Announcement After Strategic Review
Billabong put its shares into a trading halt yesterday based on an upcoming announcement from a strategic review they had been doing. That announcement has just happened and according to Business Spectator, the company plans to sell just below half of Nixon to a private equity firm, close between 100 and 150 stores worldwide and lay off 400 staff (around 80 in Australia) beginning in 2013. Billabong shares were …
Billabong Being Sold?
Is Billabong about to be sold? The Business Spectator is reporting this morning the private equity firm TPG has made a $3 a share bid (nearly a 70% premium on the current price) for the company which values it at $766 million. The company has $600 million in debt and has seen its share price drop 78% in the last 12 months due to …